According to a study done by the Joint Center for Housing Studies of Harvard University, the remodeling market for 2017 looks solid and there are a few key areas to focus on. Based on the survey, here are the top four new revenue sources for remodelers:
- Aging in place
- Energy efficieny
- Home automation
- Outdoor living
With the large amount of homeowners in the baby boomer generation getting ready to retire, it’s no surprise that “aging in place” remodeling projects made the top of the list.
The national home improvement and repair market continues grow and last year (2015) it matched its all-time high. Remodelers expect another modest year of growth in 2017.
As project size continues to push up spending, it’s important to be able to offer your customers a low monthly payment option for their project. This can not only help you close the sale more effectively, it can even help you upgrade or add on to your customer’s project! Foundation Finance can help you offer fast, flexible financing to your customers. Call us at 855.241.0024 ext. 5012 or email email@example.com for more information.
Read the full article here.
See the full Joint Center for Housing Studies of Harvard University’s remodeling industry update here.